China new bank lending rise in September: report

Household loans rose to CNY650.3b in September.

Chinese banks extended $344.58b (CNY2.47t) in new yuan loans in September, reports Reuters, based on data released by the People's Bank of China (PBOC).

Household loans, including mortgages, rose to CNY650.3b in September from CNY458b in August, according to the PBOC

Corporate loans jumped to CNY1.92t from CNY875b.

"Expanded credit for infrastructure, manufacturing, real estate and other sectors will give a strong support for growth of credit and total social financing in the fourth quarter, helping to keep the economic operation within a reasonable range," said Wen Bin, chief economist at Minsheng Bank.

Here’s more from Reuters.

Follow the link s for more news on

People's Bank of China

bank loans

China bank lending

Also Read

Slower credit growth on the horizon for Cambodian lenders

ZA Bank’s Rate Watch offers $114 for lower interest proof

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit